State of Alaska Department of Revenue increased its holdings in TE Connectivity Ltd (NYSE:TEL) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,722 shares of the electronics maker’s stock after purchasing an additional 1,522 shares during the quarter. State of Alaska Department of Revenue’s holdings in TE Connectivity were worth $1,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TEL. Flagship Harbor Advisors LLC purchased a new position in TE Connectivity in the 2nd quarter worth $111,000. Fort L.P. purchased a new position in TE Connectivity in the 2nd quarter worth $115,000. Private Capital Group LLC purchased a new position in TE Connectivity in the 2nd quarter worth $121,000. Moneta Group Investment Advisors LLC purchased a new position in TE Connectivity in the 2nd quarter worth $180,000. Finally, Legacy Capital Partners Inc. purchased a new position in TE Connectivity in the 3rd quarter worth $217,000. Institutional investors own 87.89% of the company’s stock.

TEL has been the topic of a number of analyst reports. Morgan Stanley decreased their price objective on shares of TE Connectivity from $116.00 to $107.00 and set an “overweight” rating on the stock in a research report on Monday, September 17th. ValuEngine cut shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Thursday, June 28th. Robert W. Baird cut shares of TE Connectivity from an “outperform” rating to a “neutral” rating in a research report on Monday, October 1st. Finally, Wells Fargo & Co decreased their price objective on shares of TE Connectivity from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. TE Connectivity presently has a consensus rating of “Buy” and an average price target of $111.45.

TEL stock opened at $78.61 on Friday. TE Connectivity Ltd has a 12-month low of $77.70 and a 12-month high of $108.23. The stock has a market capitalization of $27.72 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.21 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.47.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 25th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.69 billion. TE Connectivity had a net margin of 9.26% and a return on equity of 20.33%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. As a group, equities analysts predict that TE Connectivity Ltd will post 5.58 EPS for the current year.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia–Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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